The problem is not so much people and employers leaving the state (though that happens) as it is missed opportunities when California companies expand elsewhere. Or companies deciding where to locate don’t even consider California. Hard for the economy to grow under those circumstances.

Prop. 30 may appear to bring in more tax revenue through the front door, until you count the tax base leaving through the back door or just passing us by on their way to Austin, Research Triangle Park, Oregon, Washington or more mundane but business-friendly places.

The very wealthy don’t need to leave the state to minimize exposure to Prop. 30. They have numerous lawful ways of sheltering income or delaying the realization of income and gains at least until the “temporary” taxes are scheduled to expire.

When all of the conservative citizens and productive business owners abandon the state, and the liberals run out of other people’s money to spend.

]]>By: Bruce R. Peterson, Lafayettehttp://www.ibabuzz.com/politics/2012/11/19/initiative-to-fund-higher-ed-cleared-for-circulation/comment-page-1/#comment-104295
Bruce R. Peterson, LafayetteWed, 21 Nov 2012 14:39:49 +0000http://www.ibabuzz.com/politics/?p=21532#comment-104295Obviously the tax that just passed for education, is for the new slow train through Chowchilla. When will California voters wise up?
]]>By: Common Taterhttp://www.ibabuzz.com/politics/2012/11/19/initiative-to-fund-higher-ed-cleared-for-circulation/comment-page-1/#comment-104163
Common TaterTue, 20 Nov 2012 23:51:08 +0000http://www.ibabuzz.com/politics/?p=21532#comment-104163Didn’t we just vote for a tax increase to help fund education? I remember it so vividly – it must have been deja vu.,..
]]>By: GV Hastehttp://www.ibabuzz.com/politics/2012/11/19/initiative-to-fund-higher-ed-cleared-for-circulation/comment-page-1/#comment-104143
GV HasteTue, 20 Nov 2012 19:00:05 +0000http://www.ibabuzz.com/politics/?p=21532#comment-104143Detached from reality. Probably a “political science” major.

Sets out to make sure that everyone voting will find a objectionable tax that applies to themselves.
Smokers, drivers, drinkers.
Of course the tobacco and alcohol industry won’t kick in more than 50 million to defeat it.

Across the state it will pass in Oakland, Berkeley, San Francisco, and Santa Monica. Defeated everywhere else.

]]>By: John Whttp://www.ibabuzz.com/politics/2012/11/19/initiative-to-fund-higher-ed-cleared-for-circulation/comment-page-1/#comment-104048
John WTue, 20 Nov 2012 03:30:18 +0000http://www.ibabuzz.com/politics/?p=21532#comment-104048Will be interesting to see if this guy has the resources to even get the signatures, let alone a snowball’s chance of passing a ballot measure of any kind, much less one like this.
]]>By: RR, Senile Columnisthttp://www.ibabuzz.com/politics/2012/11/19/initiative-to-fund-higher-ed-cleared-for-circulation/comment-page-1/#comment-104034
RR, Senile ColumnistTue, 20 Nov 2012 01:48:38 +0000http://www.ibabuzz.com/politics/?p=21532#comment-104034Yeah, let’s ask the unemployed college students to chip in for the underclass men. Can’t a dude on his third unpaid internship have a Coors Light without paying more taxes?
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